Fiserv, a global financial technology company, and Stack Sports, a sports tech leader, have teamed up to assist in youth sports payments and make them easier and more efficient, according to a release.
Stack Sports will be using Fiserv’s digital payments SDK to allow payments from right inside the Stack Sports ecosystem. This will make it easier to pay referees and other officials, as well as facilitate payments between coaches, all through a simple mobile solution.
These digital payments will take the place of cash and checks and the sometimes awkward conversations about late payments, as well as last-minute trips to the bank. The technology will assist the multitude of participants who use the Stack Sports technology.
“Our mission is to transform the youth sports experience by providing easy-to-use team management solutions,” said Alex Alt, chief executive officer of Stack Sports. “Fiserv was a fitting choice to help us expand upon our payments expertise and leadership. Our partnership will eliminate the hassle of certain sports-related payments, leveraging the excellent reputation of Fiserv in the money movement space. Enabling digital payments via Fiserv helps advance our mission so that officials, coaches, parents and players can focus on the game and not administrative details.”
With the Fiserv SDK, companies can accept bank account-based payments or card payments through mobile apps, websites or other digital channels. It supports real-time and next-day payments and has built-in security and verification features. Stack Sports, for its part, has almost 50 million users in 35 different countries.
“As any parent of a young athlete can attest, team sports involve many types of payments, from tournament fees to uniform purchases,” said Tom Allanson, president of electronic payments for Fiserv. “With Fiserv, Stack Sports is making life easier for parents, coaches and others in the sporting community by streamlining the payments process and recordkeeping.”